The Reserve Bank of Australia, following a directive from the Australian Government
under the Banking (Foreign Exchange) Regulations
1959, administers financial sanctions against Iranian entities and
persons who contribute to Iran's proliferation activities but are not
already listed by the United Nations Security Council.

On 29 July 2010, the Minister for Foreign Affairs and Trade announced that
the Australian Government would impose further autonomous sanctions against
Iran to reinforce UN Security Council Resolution 1929 of 9 June 2010.

The Australian Government has directed the Reserve Bank to add nine persons and 80 entities
to the Annex of names subject to financial sanctions under the Banking (Foreign Exchange) Regulations 1959. Attachment A provides
details of these amendments. The updated Annex now contains 21 persons
and 91 entities.

Any transactions involving the transfer of funds or payments to, by the order of,
or on behalf of any person or entity listed in the Annex are prohibited without
prior approval from the Reserve Bank.

UPDATE: On 7 March 2012, responsibility for the administration of Australia's autonomous financial sanctions was
transferred from the RBA (under the Banking (Foreign Exchange) Regulations 1959) to the
Department of Foreign Affairs and Trade (DFAT) (under the Autonomous Sanctions Regulations 2011).
This change was announced in RBA Media Release No 2012-05.
As a result, the content of this media release is no longer current and any accompanying annexes and/or attachments have been removed.
For all enquiries about Australia's autonomous financial sanctions regime, including the current list of sanctioned individuals
and entities, refer to the
DFAT website.